Overview
What is New Hope Estates Group Home Inc?
New Hope Estates Group Home Inc is a 501(c)(3) nonprofit organization, exempt from federal and state income taxes, dedicated to providing subsidized housing for eligible individuals with disabilities. Located in Stafford, Virginia, the organization operates a six-unit residential facility, primarily funded by tenant rentals and rental subsidies from the U.S. Department of Housing and Urban Development's Section 8 Housing Assistance Program. The project is classified as a Section 811 project under the National Affordable Housing Act, and its operations are managed by the Rappahannock Area Community Services Board (RACSB). Established in July 2007, New Hope Estates Group Home Inc aims to provide a supportive living environment for disabled persons, ensuring they have access to essential housing services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. New Hope Estates Group Home Inc has received a moderate rating, indicating that there are areas where the organization is performing well, but also some limitations that may need addressing. The two-star rating suggests that while the nonprofit is accountable and financially stable, there is room for improvement in certain operational aspects.
The organization shows notable strengths in governance and financial transparency. With 83% of board members being independent, a low liabilities to assets ratio of 1.65%, and a high program expense ratio of 92.81%, it demonstrates good practices in managing resources effectively. Additionally, the documentation of board meeting minutes indicates a commitment to transparency and accountability.
However, despite these strengths, the overall rating reflects some concerns that could be improved upon for better performance. The 73% score suggests that while the organization is functioning adequately, potential donors or stakeholders may want to seek further information about its impact and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Estates Group Home Inc legitimate?
New Hope Estates Group Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Estates Group Home Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,336
For more financial information, click here
What is the mission statement of New Hope Estates Group Home Inc?
New Hope Estates Group Home Inc, a 501(c)(3) not-for-profit organization, operates a residential facility for individuals with disabilities. The organization's primary source of income is from tenant rentals and rental subsidies from the U.S. Department of Housing and Urban Development's Section 8 Housing Assistance Program. The organization, classified as a publicly supported organization under Section 509(A) of the Internal Revenue Code, manages this six-unit facility with the aim of providing suitable housing for disabled individuals. The project is recognized as a Section 811 project under the National Affordable Housing Act, and its operations commenced in July 2007. Although the provided information does not specify an explicit mission statement, it is clear that New Hope Estates Group Home Inc is dedicated to addressing the housing needs of individuals with disabilities.
Who is the CEO of New Hope Estates Group Home Inc?
Joe Wickens is the President of New Hope Estates Group Home Inc.
What is the revenue of New Hope Estates Group Home Inc?
New Hope Estates Group Home Inc's revenue in 2021 was $62,194.
Who are the executives of New Hope Estates Group Home Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $98,109
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Hope Estates Group Home Inc?
New Hope Estates Group Home Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of New Hope Estates Group Home Inc
New Hope Estates Group Home Inc, a not-for-profit organization exempt from income tax under Section 501(C)(3) of the Internal Revenue Code, is dedicated to providing housing for disabled individuals. Located in an undisclosed location, the organization operates a six-unit residential facility. The majority of its revenue is derived from tenant rentals and rental subsidies from the U.S. Department of Housing and Urban Development's Section 8 Housing Assistance Program. New Hope Estates Group Home Inc has been classified as a publicly supported organization under Section 509(A) of the code. The project is also a Section 811 project under the National Affordable Housing Act. The organization is managed by Rappahannock Area Community Services Board (RACSB), and rental operations began in July 2007. The mission of New Hope Estates Group Home Inc is to offer a safe and supportive living environment for disabled individuals, enabling them to live independently with the necessary assistance.
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Impact
August, 2024
New Hope Estates Group Home Inc provides subsidized housing for eligible persons with disabilities in Stafford, Virginia. By offering a safe and supportive residential facility, the organization plays a crucial role in enabling individuals with disabilities to live independently and access necessary services. This not only improves their quality of life but also promotes inclusion and autonomy within the community. Through its operations, New Hope Estates Group Home Inc contributes to the overall well-being and empowerment of disabled individuals, showcasing a commitment to human services and social responsibility.
This information is meant to be a general summary of New Hope Estates Group Home Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $7
- Program Service Revenue: $62,187
- Gross Receipts: $62,194
Assets and Liabilities:
- Total Assets: $661,904
- Total Liabilities: $18,794
- Net Assets: $643,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$62,187
Organization Details
Principal Officer
Joe Wickens
Main Address
600 JACKSON STREET, FREDERICKSBURG, VA, 22401
NTEE Category
Code: P73 - Human services
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